PM inaugurates Global Maritime India Summit 2023

Unveils ‘Amrit Kaal Vision 2047’ – a blueprint for the Indian Maritime blue economy

Lays foundation stone and dedicates to nation projects worth more than Rs 23,000 crores

Lays foundation stone of Tuna Tekra Deep Draft Terminal at Deendayal Port Authority, Gujarat

Dedicates more than 300 MoUs for global and national partnership in the Maritime sector

“In the changing world order, the world is looking towards India with new aspirations”

“Government’s vision of ‘Ports for Prosperity and Ports for Progress’ is bringing transformational changes at the ground level”

“Our Mantra is ‘Make in India – Make for the world’”

“We are moving towards a future where the Blue Economy will be the medium to create a Green Planet”

“India is moving towards becoming a global cruise hub through its state-of-the-art infrastructure”

“Combination of Development, Demography, Democracy and Demand is an opportunity for investors”

The Prime Minister, Shri Narendra Modi inaugurated the third edition of Global Maritime India Summit 2023 in Mumbai via video conferencing today. The Prime Minister also unveiled ‘Amrit Kaal Vision 2047’, a blueprint for the Indian maritime blue economy. In line with this futuristic plan, the Prime Minister inaugurated, dedicated to the nation and laid the foundation stone for projects worth more than Rs 23,000 crores that are aligned with the ‘Amrit Kaal Vision 2047’ for the Indian maritime blue economy. The summit provides an excellent platform for attracting investment in the country’s maritime sector.

Addressing the gathering, the Prime Minister welcomed everyone to the 3rd edition of the Global Maritime India Summit 2023. He recalled how the entire world was marred by the uncertainties of the Covid pandemic when the Summit took place in 2021, and emphasized that a new world order is taking shape today. In the changing world order, the Prime Minister underlined that the world is looking towards India with new aspirations. He stated that India’s economy is constantly strengthening in a world dealing with economic crisis, and the day is not far when India will become one of the top 3 economies in the world. Underscoring the role of sea routes in global trade, the Prime Minister emphasized the need for a reliable global supply chain in the post-Corona world.

The Prime Minister said that history bears testimony that India’s maritime capabilities have always benefited the world. The Prime Minister listed the systematic steps undertaken to strengthen the sector in the last few years. He underlined the transformative impact of the historic G20 consensus on the  proposed India-Middle East Europe Economic Corridor. He said that as the Silk Route of the past changed the economy of many countries, this corridor too will transform the picture of global trade.  He said that Next Generation Mega Port, International Container Trans-shipment port, island development, inland waterways, and multi-modal hub will be undertaken under this leading to a reduction in business cost and environmental degradation will improve logistical efficiency and create jobs. The Prime Minister reiterated that investors have a great opportunity to become part of this campaign and join India.

Prime Minister Modi reiterated that the India of today is working to fulfill the resolve of becoming a developed nation in the next 25 years. He underlined that the government is bringing about revolutionary changes in every sector and mentioned the work done to strengthen the maritime sector of India. In the last decade, the Prime Minister informed that the capacity of major ports in India has doubled, and turnaround time for big vessels has come down to less than 24 hours as compared to 42 hours in 2014. He also mentioned the construction of new roads to increase port connectivity and touched upon the SagarMala Project to strengthen the coastal infrastructure. These efforts, the Prime Minister said, are increasing employment opportunities and Ease of Living manifold.

cruise hub through its state-of-the-art infrastructure”, he added.

Concluding the address, the Prime Minister remarked that India is one of the few countries which has such a combination of Development, Demography, Democracy and Demand. “At a time when India is moving towards the goal of becoming a developed India by 2047, this is a golden opportunity for you”, Shri Modi said and sent out an open invite to investors from all over the world to come to India and join the path of development.

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal was present on the occasion.